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NIPDB to work with young entrepreneurs

NIPDB to work with young entrepreneurs

Tujoromajo Kasuto Namibia Investment Promotion and Development Board (NIPDB) today launched theinaugural Know2Grow (K2G) NextGen Entrepreneurs, that will provide an annual market access andcapacity building platform for young entrepreneurs, designed to drive the development and acceleration of innovative youth-led businesses. The event is scheduled to take place in Tsumeb on 16 to 18 November 2022 and is open to all MSME ventures across the country, owned by young Namibians between the ages of 18 and 35. “We are very intentional about MSME Development and have various initiatives and programmes targeted at MSME support across all levels and in different sectors.…
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Eveline Street market earmarked for renewal

Eveline Street market earmarked for renewal

Martin Endjala At its last council meeting on 31 August the Windhoek Municipality has resolved to approve the upgrading of the Onghendambala Market for informal traders on erf 3222 on Eveline Street in the Goreangab residential area. The council approved a request by the VISET Namibia, who received funding from the Alumni Engagement Innovation Fund (AEIF) through the American Embassy, to use the funds for the upgrading of the Onghendambala Market. The value of the upgrades is costed at N$643 266 and the upgrades, which include fencing of the entire market area to protect the site from encroachment and illegal…
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Aminuis inhabitants appeal for a halt to<br>uranium exploration, mining activities

Aminuis inhabitants appeal for a halt to
uranium exploration, mining activities

Staff Writer Is the mining of uranium due to begin in all earnest or is the process still in its exploratory phase? This is one of the pressing questions by the farming communities in the Aminuis Constituency, especially in the Aminuis communal area, as they probably belatedly are starting to raise their voices after observing lately suspect mining activities in their areas. They are in this regard joining the Stampriet Aquifer Uranium Mining Committee, that seems already to have irked Uranium One, a Russian parent company of a subsidiary exploring uranium in Omaheke, for expressing itself against the exploration/cum-mining activities…
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NamPower looks to wind power

NamPower looks to wind power

CHAMWE KAIRA NamPower, which plans to establish a wind power plant with a capacity of up to 40MW near Rosh Pinah, expects to shortlist applicants from the prequalification stage in October. The shortlisted firms will then be invited to bid for the Engineering, Procurement and Construction (EPC) of the plant in October. All things being equal, construction of the plant is expected to commence in June 2023, with an estimated duration of 18 months, NamPower Managing Director, Simson Kahenge Haulofu told Observer Money. “The time of completion of the project is thus anticipated to be in December 2024,” he says.…
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NWR sees return to profitability in 2024

NWR sees return to profitability in 2024

CHAMWE KAIRA The Namibia Wildlife Resorts expects to return to profitability in 2024 after being badly affected by the Covid 19 pandemic, which saw a drop in visitors to the country and to its resorts. Just before the pandemic, NWR reduced its losses from N$171m in 2020 to N$97m in 2021 that is 44% or N$77 million. “We just came back from a difficult phase that almost wiped us out of business. We still expect 2022 to be a hard year for us. We foresee changes only from 2024 onwards,” said Nelson Ashipala, manager of corporate communications. Pressed on the…
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Hyphen tables financing options for hydrogen

Hyphen tables financing options for hydrogen

CHAMWE KAIRA Hyphen Hydrogen Energy is looking at all financing options for its green hydrogen project in southern Namibia. The company says it is making positive progress on its discussions with the government as it moves towards signature of the implementation agreement before the end of the year on its US$10 billion Namibian green hydrogen project. Hyphen is a Namibian registered green hydrogen development company, specifically formed to develop green hydrogen projects in Namibia for international, regional and domestic supply. Hyphen successfully bid on and has been awarded preferred bidder status on 4000 square kilometers of land within the Tsau…
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Russian mine to propel Namibia to uranium big league

Russian mine to propel Namibia to uranium big league

CHAMWE KAIRA The planned establishment of a Russian owned uranium mine in the Omaheke Region could further propel Namibia to grow its contribution to the world’s uranium output. Russia’s Uranium One Group aims to invest up to N$8,5 billion in the Namibian economy. The money will not be raised on the local market. “Uranium One is a state-owned company of Rosatom, thus as a state-owned company it will not be necessary to raise the funds as is the case in a private enterprise,” the company said in response to questions from the Windhoek Observer. The company said the money to…
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Fishrot scandal ultimate test for Whistle-blower Act

Fishrot scandal ultimate test for Whistle-blower Act

Obrien Simasiku The Fishrot scandal, regarded as the biggest corruption cases ever to have happened in an independent Namibia is touted as the most challenging scenario to test the effectiveness and implementation of the Whistleblower Protection Act of 2017, says the Minister of Justice Yvonne Dausab. The high level corruption involves, whistleblower Johannes Stefánsson, the former director of operations in Namibia for the Icelandic fishing company Samherji, who spilled the beans involving hundreds of millions of dollars in which businessmen and politicians benefitted in bribers, while facilitating the access to fishing quotas for Samherji in Namibian waters. At the centre…
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Tsumeb resident sues Shopright for injuries

Tsumeb resident sues Shopright for injuries

Tujoromajo Kasuto A Tsumeb resident, Veronika Neidel is suing Shoprite Namibia N$500 000 for alleged injuries sustained while shopping at a Shopright outlet at the Le Platz Shopping Centre, in Hage Geingob Street at the copper town late last year. According to court documents, on 3 September 2021, and at the defendant’s shop situated at Le Platz Shopping Centre, 1304 Hage Geingob Street, Tsumeb, Neidel allegedly slipped and fell as a result of an uneven and dangerous tile on the floor of the shop. As a result, the she sustained soft tissue injuries and a concealed pelvic fracture, according to…
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GIPF takes a stand against unethical conduct

GIPF takes a stand against unethical conduct

Martin Endjala The Government Institutes Pension Fund (GIPF) is promising to come down on individuals and organizations that are conducting themselves unethically, as it launched today its Ethics Helpdesk and website for whistleblowers, to create and promote a culture of speaking out without fear of retribution or intimidation against corruption. According to GIPF the ethics management strategy standard operations is linked to the implementation of whistleblowers mechanism that will ensure that they are protected and kept anonymous when they lift the lid on possible unethical conduct. The GIPF believes that improper and irregular behaviour will be nipped in the bud,…
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